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AirAsia X Berhad (AAXBF) Q1 2026 Earnings Call Transcript

Seeking Alpha·SA Transcripts·6 months ago
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Unknown Executive

Hi everyone. Greeting, everyone. Welcome to Asia X (sic) [ AirAsia X] First Quarter Results briefing. Today here with me, I have Bo Lingam, Group CEO; Farouk Ahmad, Deputy CEO; Kar Chuan, Group CFO; Lavinia, Group Head of Finance; Amanda, Chief Commercial Officer.

The Bursa results has just been uploaded, and we would like to go through the results. But before that, I can give you some reporting structure guide. [Technical Difficulty]

So in -- on 16th January, we completed the acquisition by AirAsia X of acquiring AirAsia Berhad and AirAsia Group. However, under accounting standard [Technical Difficulty] -- however, under accounting standard, this is treated as a reverse accounting. For reporting purposes, AAGL (sic) [ AAAGL ] is treated as the acquirer. In the Bursa statement that you will see today, there is no comparative P&L and cash flow as it is not an apple-to-apple comparison.…

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